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Advanced Oncotherapy gets planning green light

03:19 EDT 19 Oct 2016 | Proactive Investors

Advanced Oncotherapy (LON:AVO) said Westminster Council had granted planning permission for the construction of its proton beam cancer treatment facility in Harley Street. The news comes just days after the company said it was raising £4mln from investors as part of a larger financing plan supported by banks and partners that would allow it to tap into a £24mln facility provided Metric Capital. Advanced Oncotherapy has created LIGHT, which stands for Linac Image Guided Hadron Technology, is cheaper and smaller than the current units, which are almost prohibitively expensive. The LIGHT system has the ability to propel protons at the speeds generated by much larger machines. The proton accelerator used by Advanced Oncotherapy was licensed from CERN, the European Organisation for Nuclear Research, which is currently hunting the ‘God particle’.

Original Article: Advanced Oncotherapy gets planning green light

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